@DrALJONES@Thebratdragon The US system seems a lot more convoluted than the UK one.
I got the impression the Federal Government always ends up paying interest on the money the federal reserve creates for them, but there's a lot of misinformation about the Fed.
It was certainly set up with the intention that the origional "investors" would profit from all government money creation, but I'm not sure that still holds with electronic payments?